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Mar 27, 2019 · 2019 Mar 27. What kinds of agreements are covered by the law of contracts? Professor Richard Epstein of NYU School of Law gives a basic definition, then goes through a variety of transactions,...
- 3 min
- 127.3K
- The Federalist Society
Apr 19, 2017 · Professor Charles Fried introduces the basics of contracts.From our free online course, “Contract Law: From Trust to Promise to Contract”: https://www.edx.or...
- 5 min
- 148.2K
- Harvard Online
This lesson provides a basic introduction to the legal definition of a contract and to promises as the basic building block of a contract.
- 29 min
- 2.4K
- Law Simply Explained
Lesson One: What is a Contract. OBJECTIVE. Students will learn the basic elements of a contract and understand when valid contracts do and do not exist. PROCEDURE. 1. Ask students if they or anyone they know has entered into any written contracts, such as cell phone agreements or car loans.
Jun 8, 2024 · A contract is a written or verbal agreement describing certain obligations binding two or more parties. For a contract to be valid, it must meet the following criteria: There must be a meeting of the minds between the parties, meaning that they must have all generally understood what was being agreed.
A contract is said to exist when an offer is made and then accepted. All contracts must be entered into both willingly and freely, and an offer generally cannot be rejected once it has been accepted.
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Apr 18, 2024 · A contract is an agreement or promise that the law can enforce. The law will enforce some agreements but not others. For example, in most places, if a parent promises to take a child to get ice cream, the law will not enforce that promise as a legal contract.
